Altria to tap European bond market to help fund Juul stake buy


by U.S.

U.S.— Altria Group will tap the European investment grade corporate bond market to help finance its $12.8 billion purchase of a stake in e-cigarette maker Juul Labs Inc, the Marlboro maker said in a regulatory filing https://bit.ly/2thLVTO on Monday.

Business Insider—Soccer giant Juventus is tapping the bond market to cash in on star player Cristiano Ronaldo. Italian soccer giant Juventus looks to sell €150 million of bonds ($169 million; £132 million) to cash in on success of star player Cristiano Ronaldo. Ronaldo signed for Juventus in summer 2018 for around $130 million, and has been a sporting and commercial success. He has scored 20 goals in 31 appearances, and Juventus' share price has close to doubled since his transfer. Other soccer teams, including Manchester United and Inter Milan, have raised money through bond issuances in recent...

Zero Hedge—The 'Cartel' Is Back: EU Accuses 8 Banks Of Rigging European Government-Bond Markets. First it was the Libor-rigging cartel, then the FX exchange-rate manipulation cartel, now, European regulators have moved on to prosecuting "anti-competitive" practices in euro-denominated sovereign bond markets. One month after the European antitrust regulators charged Deutsche Bank, Credit Agricole and Credit Suisse of being a part of a 'bond trading cartel', regulators are bringing a separate case against eight unidentified European banks alleging that they conspired to rigging...

Business Insider—This US tech start-up helped a maker of football helmets tap investors with new VC funding platform. Buttonwood Network is attempting to disrupt the way in which late stage start ups secure VC funding by making the process quicker and more efficient. The company was only founded six months ago but has already raised $45 million in funding for companies on its software platform.  VCs from across the world have taken an interest amid a changing environment for investors with lower fees and greater transparency now key for fundraisings.  It's not easy raising money if you're a start-up. Founders...